On February 23, Finance Minister Samir Sharifov held a videoconference meeting with Executive Director for Azerbaijan on the Board of Directors of the Asian Development Bank Anthony McDonald, Report informs referring to the Ministry of Finance.
The meeting exchanged views on the current state and future directions of cooperation between Azerbaijan and the ADB, as well as the successful development of relations.
Samir Sharifov noted that, despite the negative forecasts, thanks to the ongoing targeted and flexible policy, in 2021, a rapid recovery was achieved in all sectors of the economy, as a result of which in 2021 the GDP growth rate was 5.6%, and the growth rate of non-oil GDP - 7.2%, the country's public debt has decreased, and foreign exchange reserves have increased.
In his turn, Anthony McDonald positively assessed the macroeconomic and financial stability observed in Azerbaijan.